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AfterFees

Borrow rates · ERA

Borrow ERA: rates on every exchange

Annualised margin borrow rates for ERA at VIP 0, and whether borrowing it to collect negative funding pays after every cost.

Updated 2026-11-11 23:09 UTC

ERA borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
Binance79.85%80.69%81.42%80.69%$2.8Knot publishedBorrowable
Gate158.38%228.19%288.55%228.19% *$30Knot publishedBorrowable

Annualised simply (hourly rate × 8,760). Rate counted = the higher of the current rate and the 24 h average, as in every calculation on AfterFees. * Gate: rate × the published VIP multiplier (inferred).

Reverse carry on ERA: borrow and sell spot, long the perp

No reverse ERA carry nets a profit at this size right now.

At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.

ERA perps, most negative funding first

ExchangeContractRateEveryAnnualised
BybitERAUSDT-0.1348%4 h−295.1%
BitunixERAUSDT-0.1291%4 h−282.6%
BingXERA-USDT-0.1262%4 h−276.4%
KuCoinERAUSDTM-0.1092%4 h−239.1%
LBankERAUSDT-0.1065%4 h−233.2%
MEXCERA_USDT-0.1045%4 h−228.9%
ExtendedERA-USD-0.0261%1 h−228.6%
BinanceERAUSDT-0.1037%4 h−227.1%

Coins

Funding rates and every arbitrage on this coinERA

Questions

Where is it cheapest to borrow ERA?

Binance, at 80.69% a year at the rate we count (the higher of the current rate and the 24 h average), among 2 exchanges that lend ERA.

Can I earn negative funding on ERA by borrowing it?

Not right now: no reverse ERA carry covers its borrow interest, fees and slippage at $10,000 for 7 days.

The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.